23 Royal Gold, Inc. 2022 Environmental, Social and Governance Report About Royal Gold Governance ESG Stewardship Our People Our Operators and Communities Appendices Progress on our 2022 ESG plans The table below highlights the progress we’ve made against the 2022 ESG priorities disclosed in our 2021 ESG Report. 2022 plans 2022 progress and achievements Climate change Achieve carbon neutrality for corporate emissions annually Verified “Improved Forest Management Carbon-Removal” credits were secured, to offset our direct corporate Scope 2 and Scope 3 emissions Disclose scenario analysis aligned with TCFD for our Principal Properties We undertook a climate scenario analysis for ten jurisdictions in which we have stream and royalty interests (covering all of our Principal Properties, among others), with assistance from external experts; we identified physical and transition risks associated with the ten jurisdictions, along with a set of actions to further advance our understanding and management of climate-related risks Assess potential to set emission intensity targets for our portfolio We are evaluating ways to engage with our Operators who provide more than 2% of our revenue, and work to understand the actions they are specifically taking to reduce GHG emissions and, where appropriate, determine if we can be a source of financing to advance selected initiatives Assess Scope 1 and Scope 2 emission estimates for our portfolio An independent ESG data analysis firm, Skarn Associates, provided data by which to assess emissions estimates from our portfolio of revenue-generating streams and royalty interests; this allowed us to estimate the emissions associated with our beneficial interest in the operations, and we were further able to assess energy consumption data in concert with the emissions data Community investment Support organizations that serve critical needs in the communities in which our corporate offices and Operators are located In 2022, Royal Gold contributed to over 24 organizations globally totaling $1.1 million; we also started to align our donations program with the SDGs ESG governance Build ESG expertise in all levels of the Company Hired our first Vice President, Investment Stewardship in 2022 to lead the Company’s ESG program and advance ESG policies and practices Enhance our risk management process with climate analysis The Royal Gold Enterprise Risk Management Program and our ESG due diligence process have been updated to reflect more in-depth climate analysis 2023 ESG priorities As we advance our ESG program, we continue to evaluate meaningful ways to make improvements across our business. The table below outlines Royal Gold’s ESG priorities for 2023. 2023 ESG priorities Climate change We will continue to achieve carbon neutrality for our direct corporate Scope 2 and Scope 3 emissions and implement reduction strategies where we can. From our work assessing Scope 3 Investment Emissions involving our portfolio of streams and royalty interests and the physical and transition risks identified by our climate scenario analysis, we will advance our thinking on the ways in which we might make a positive impact with respect to climate change on our interests and potentially reduce climate change risks to our business. We aim to assess actions we can take to help reduce GHG emissions associated with our portfolio. Actions we can take to help reduce the GHG emissions associated with our portfolio are limited; however, we have expanded our GHG engagement with Operators and are tracking Operator targets and performance. We will engage with our Operators who provide more than 2% of our revenue and work to understand what actions they are specifically taking to reduce GHG emissions and, where appropriate, determine if we can be a source of financing to advance selected initiatives. Diversity and inclusion We plan to complete diversity and inclusion educational awareness training for employees. Community investment We aim to contribute $1.5 million in support to organizations that serve the critical needs of the communities in which our corporate offices and Operators are located, continuing to align with the SDGs. ESG governance We plan to complete ESG training for employees. We plan to refresh our ESG priorities assessment.